EDITORS: Please do not use
"Pacific Gas and Electric" or "PG&E" when
referring to PG&E Corporation or its National Energy Group.
The PG&E National Energy Group is not the same company as Pacific
Gas and Electric Company, the utility, and is not regulated by the
California Public Utilities Commission. Customers of Pacific Gas
and Electric Company do not have to buy products or services from
the National Energy Group in order to continue to receive quality
regulated services from Pacific Gas and Electric Company.
NAMED VICE PRESIDENT, RISK MANAGEMENT, FOR PG&E CORPORATION
(San Francisco, CA)- PG&E
Corporation (NYSE:PCG) named Laura L. Langer, 48, as Vice President
- Risk Management, for the energy-based holding company.
Langer will manage the Corporation's
financial exposure associated with market, credit, and operational
risks. She will oversee mitigation strategies and hedging policies
and work closely with the Company's business units to coordinate
risk management and counterparty credit policies and procedures.
"Laura brings a wealth of
skills, talent and experience to our risk management program," said
Robert D. Glynn, Jr., PG&E Corporation Chairman, CEO, and President.
"She is a great addition to our team."
Langer joins PG&E Corporation
from Deloitte & Touche, where she was a senior manager in the company's
Energy Transacting and Risk Management division of the Capital Markets
Group. Prior to that, Langer was Director of Corporate Risk Management
for Equitable Resources, Inc., and held positions at Southern California
Langer received bachelor's
and master's degrees in mathematics from the University of Colorado
at Boulder, and holds master's degrees in petroleum engineering
from Stanford University and in computational finance from Carnegie
PG&E Corporation, with 1999
operating revenues of almost $21 billion and operation in 21 states,
markets energy services and products throughout North America through
its National Energy Group. PG&E Corporation's businesses also include
Pacific Gas and Electric Company, the Northern and Central California
utility that deliver natural gas and electricity to one in every